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Why Nice Stock Plummeted Today

TheMotleyFool

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Nice (NASDAQ: NICE) stock got hit hard in Wednesday's trading. The company's share price fell 22.5% in the daily session despite a bullish backdrop for the broader market. The S 500 gained 1.4% in the session, and the Nasdaq Composite was up 2%.

Nice published its first quarter results before the market opened this morning, and the business saw a substantial miss on earnings despite posting sales that were above Wall Street's expectations. While shares had rallied heading into earnings, the stock is now down roughly 14% year to date.

Image source: Getty Images.

Source Fool.com

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